The global airline fleet expanded by about two per cent in June, thanks to new plane deliveries and a larger-than-expected number of aircraft being taken out of storage, according to the International Air Transport Association (IATA). IATA estimates a net 68 aircraft were taken out of storage in June, the highest monthly net total in at least a year. There also were 124 new aircraft delivered in the month, the highest number since December 2008. … [Read more...] about Two per cent global fleet expansion in June
Air Logistics Asia
Outlook uncertain says BA
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers’ loads and yields, but BA added that yields will be “under pressure from the year-on-year impact of lower fuel surcharges, exchange movements and mixâ€Â. BA’s cargo business … [Read more...] about Outlook uncertain says BA
US anti-trust restrictions lifted for AF-KLM
Air France Cargo and KLM Cargo have announced the integration of their commercial activities in the US, effective 1 October as a result of US regulators lifting anti-trust restrictions that had previously prevented such an integration. This integration will result in integrated commercial teams under a joint management coordinated with Delta Cargo within the Air France-KLM-Delta financial joint venture on North Atlantic routes. … [Read more...] about US anti-trust restrictions lifted for AF-KLM
H1 revenue falls for Agility, but net profit up 3%
Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline 9 per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. … [Read more...] about H1 revenue falls for Agility, but net profit up 3%
Lufthansa Cargo gets TSA security approval
Lufthansa Cargo has been given us Transportation Safety Administration (TSA) approval for new security technologies aimed at enhance the screening of air cargo transported by Lufthansa. Over the last 18 months, Lufthansa Cargo and the TSA have been working towards the development of new technologies, the carrier said. "Although the technology and protocols are considered sensitive security information, and are not available for public release, this development has allowed the air cargo industry … [Read more...] about Lufthansa Cargo gets TSA security approval
Panalpina will not join price war
Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina management said the industry is involved in a "cut-throat price war", adding that it would not participate because transport prices were well below cost. Second-quarter profit slumped 68 per cent to 14.6 million Swiss francs (US$13.7 million) on legal costs tied to a corruption investigation in the US and an antitrust probe in Switzerland. Sales fell to 1.36 billion Swiss francs. Panalpina cut the … [Read more...] about Panalpina will not join price war
